makesense Seed I
makesense Seed I is the pioneering impact investing fund launched in 2019 by makesense, a French non-profit organization founded in 2010 to support citizen engagement, education, incubation, and financing for ecological and social entrepreneurs tackling major societal challenges. With an initial budget of €8.2 million, the fund targets pre-seed stage social enterprises and impact-driven startups contributing to a sustainable society, providing investments typically between €50,000 and €150,000 alongside non-financial support drawn from makesense's incubator experience with over 300 organizations. It has completed around 13-18 investments, including notable ones in Vesto (Seed VC - II, October 2023), Atypique (Seed VC, September 2023), Resortecs (Seed VC, May 2023), and Le Drive Tout Nu (Series B, June 2025), with one portfolio exit in Kippit (May 2023); the fund operates primarily from France with a main geographic focus there, though makesense's broader activities suggest European reach, led by Investment Director Anne Gerset who emphasizes catalytic investments bridging to mainstream capital.[1][2][3][4]
Île-de-France Reindustrialisation Fund
Venture-Capital-Firma, die in wachstumsstarke Technologieunternehmen investiert.
Óskare Capital
Óskare Capital is a venture capital firm headquartered in Paris and London that specializes in venture-stage investments within the Deeptech and Life Sciences sectors. The firm's portfolio demonstrates a focus on innovative companies disrupting various markets, including sustainable bio-based dyes, botanical transformation technologies, chronic pain management, data provision related to emerging industries, and treatments for brain diseases.
360 Capital
Invests in sustainable technological progress, focusing on Deep Tech, Climate Tech, and Digital-First solutions to drive innovation and address global challenges.
360 Capital Partners
360 Capital Partners is a European VC firm that has been investing in innovation since 1997. Initially focused on eCommerce during the first wave of digital transition, the firm has evolved its investment focus to tech-heavy initiatives, particularly deep-tech and climate-tech, over the past 10 years. They aim to anticipate technology trends and back talented entrepreneurs pursuing ambitious goals, especially in areas such as robotics, machine vision, neuromorphic sensing, and space-tech. They also have a dedicated fund supporting technological innovations in energy storage and waste recycling. Their investment philosophy centers around backing visionary founders. They are committed to investing in ground-breaking technologies that promise substantial market returns and contribute to a sustainable and prosperous society. They aim to back technological progress that is sustainable. Their portfolio demonstrates a Pan-European approach, including investments across Italy, France, London, and Spain. 360 Capital invests across a range of technology sectors, including climate tech, digital-first solutions, and deep tech. They target companies at the early stages of development, from pre-seed to Series B rounds. They have experience in various sectors, adapting their strategy to remain at the forefront of technological advancements and addressing critical societal challenges.
Alter Equity
Alter Equity invests in European startups driving the transition to a more inclusive and sustainable economy. They focus on companies with a strong positive impact on the environment (e.g., energy efficiency, circular economy, recycling, biodiversity preservation) and/or on people (e.g., education, employment, health, fair trade). They seek companies committed to a Business Plan that integrates social, environmental, and societal considerations. They provide minority or majority investments, alone or in co-investment, between 4 and 20 million euros. Their investment philosophy revolves around supporting businesses that align with the 'People, Planet, Profit' framework. They aim to achieve significant environmental impact, as demonstrated by their portfolio companies having avoided 8.9 million tons of CO2 emissions. Furthermore, they are committed to gender equality, with a higher-than-average representation of women-led companies in their portfolio. They also seek a strong potential for profitable growth in ambitious projects that implement Tech for Good. Alter Equity invests in technology startups and breakthrough innovation projects. They invest in European companies with a turnover greater than 1 million euros and a potential for profitable growth. They invest in both minority and majority positions, alone or in co-investment. They emphasize investments that contribute to positive social and environmental change while generating financial returns.
Axc
Axeleo Capital is a multi-strategy tech investment platform focused on empowering founders for the long run, backing Europe's next leaders in the green and digital transformation. They offer Seed to Series B investments combined with hands-on support across key industries. They leverage a powerful ecosystem of 150+ entrepreneurs, operators, and mentors who have built category leaders across Europe and the US. They invest with a founder-first approach, providing strategic and operational support. This includes go-to-market strategy, leadership guidance, partnership development, and product management assistance. They focus on building resilient and responsible companies by integrating ESG at the core of their investment model. Axeleo Capital's investment strategy is based on a blend of capital, operational support, and sector expertise. With a combination of their VC experience and startup acceleration background, they created their own acceleration framework. It takes early-stage startups to the next level. Their teams help founders reshape their value propositions and go-to-markets. They also assist them in recruiting talents to turn their organizations into Serie A-ready startups. The firm actively integrates ESG factors into investment decisions and provides hands-on support to help all portfolio companies develop tailored sustainability strategies. Their ESG methodology includes sourcing startups through an exclusion policy and conducting ESG (and impact, when relevant) due diligence and scoring to assess their sustainability maturity.
C4 Ventures
C4 Ventures invests in bold founders shaping the Future of Compute, Physical AI, and Augmented Enterprise. The firm emphasizes real outcomes, proven performance, and cutting-edge technology, backing companies that build world-class products with a focus on operational excellence and long-term vision.
Creative Thinking Ventures
Creative Thinking Ventures focuses on micro-venture capital investments in disruptive, early-stage ventures that leverage social dynamics to drive innovation in e-commerce and online business models. The firm targets startups with scalable social technologies and community-driven business models.
Cyberimpactventures
Auriga Cyber Ventures backs early-stage European cybersecurity startups, leveraging a network of over 100 cybersecurity entrepreneurs, operators, and vendors to provide expertise, credibility, and reach from day one. Focused on driving innovation in digital trust, the firm aims to empower founders shaping the future of cybersecurity.
Elaia Partners
Based on the available information, Elaia Partners positions itself as a 'full stack investor for a complex world.' They seem to focus on backing tech disruptors with an emphasis on performance, values, and care. The provided data showcases a portfolio of companies across various sectors, highlighting their commitment to supporting innovative ventures.
Emblem
Emblem is a venture capital firm that partners with European founders at the pre-seed stage. They aim to provide founders with concrete, pragmatic, stimulating, and unreserved support during the initial phase of their entrepreneurial journey. The firm has raised $100 million to back Europe's earliest-stage founders. Their approach involves direct engagement with decision-makers, a bias towards high-risk/high-reward investments, a commitment to helping startups reach Series A, and a dedication to supporting all their entrepreneurs, regardless of their level of success over time. Emblem emphasizes flexibility in deal-making, including equity stake, board seat, and check size, and prioritizes closing the distance between founders and VCs to foster helpful, honest, challenging, and impactful relationships.
Eurazeo
Eurazeo is a leading European asset manager in private markets, committed to supporting high-growth potential companies. They employ an integrated platform and diversified fund offering, leveraging a unique network to identify and nurture businesses, particularly in the mid-market and growth segments. Their strategy involves building European champions with global ambitions, drawing on their expertise in attractive sectors. Eurazeo also emphasizes profitable impact-driven companies, utilizing a scientific approach to invest in businesses that address environmental, social, and societal issues. Their stated ambition for 2024-2027 is to become the leading private asset manager across the European mid-market, growth, and impact sectors.
Evolem Start
Evolem Start accompanies entrepreneurs in executing their vision, investing in startups aligned with their values where they can have a significant impact. As a family office, they prioritize quick decision-making, stability, and a long-term, "evergreen" perspective in their partnerships. The investment approach is characterized by a commitment to ambitious growth alongside the entrepreneurs they back.
Femmes Business Angels
Femmes Business Angels (FBA) is the leading women's business angel network in France, dedicated to investing in and supporting early-stage companies. The organization aims to bridge the gender gap in entrepreneurship by increasing the representation of women in both investor and founder roles. FBA leverages a network of experienced female investors to provide not only capital but also valuable mentorship, industry expertise, and networking opportunities to its portfolio companies. FBA's investment strategy centers on identifying promising startups with high growth potential, strong management teams, and innovative business models. They look for companies that can disrupt existing markets or create new ones, and that demonstrate a clear path to profitability and scalability. The organization prioritizes investments in sectors where its members have significant experience and expertise, allowing them to provide targeted support and guidance to portfolio companies. By actively promoting female entrepreneurship and investment, FBA aims to create a more diverse and inclusive startup ecosystem. They believe that gender diversity leads to better decision-making, more innovative solutions, and ultimately, greater economic success. FBA is committed to empowering women to take on leadership roles in the business world and to fostering a culture of collaboration and support among its members and portfolio companies. While the website does not explicitly state the investment strategy in such detail, it is implied from the organization's mission and activities.
HCVC
HCVC is a venture capital firm that backs founders on a mission to industrialize scientific and technological progress. They focus on hard tech, specifically companies applying deep tech solutions to various industries. The firm invests in areas where scientific or engineering theories are translated into real-world applications, even when those applications involve complex and sometimes counter-intuitive implementations. The firm is keen on supporting founders who are building tangible products and scalable platforms, often where traditional venture capital might overlook.
Hi Inov - Dentressangle
Hi Inov is a European B2B fund built by entrepreneurs for entrepreneurs. They invest in high-growth startups developing tools that drive productivity, resilience, and better management of technical infrastructure. The firm positions itself as a hands-on venture capital provider, offering concrete help and support to its portfolio companies. Their approach includes providing constructive feedback, being accessible, and upholding strong moral values. The investment team offers operational expertise in marketing, communication, business development, sales, and international expansion, aiming to support companies from the starting blocks to crossing the finish line.
Innovacom
Innovacom supports startups that innovate for the future, focusing on technological innovation. They participate in the digital revolution and the transformation of French and European industry. They act as an investment catalyst, supporting major digital, industrial, environmental, and societal transformations from the creation phase to the growth phase. With over 30 years of experience at the forefront of economic transitions, Innovacom accompanies the rise of entrepreneurial dynamism driven by technological innovation. They have completed 150 exits, financed 300 startups, invested 1 billion euros, and raised and managed 12 funds.
Investisseurs & Partenaires
Investisseurs & Partenaires (I&P) is a venture capital firm focused on financing and supporting entrepreneurs who are transforming Africa. Their mission is to contribute to the emergence of 500 champions of entrepreneurship in Africa by 2030. They aim to support small and medium-sized enterprises (SMEs) in Africa, believing that their development is essential for economic, social, and environmental progress on the continent. I&P often targets entrepreneurs and SMEs overlooked by traditional investors, recognizing their significant growth and impact potential. The firm operates with the vision that a thriving entrepreneurial ecosystem, supported by locally anchored investors, is crucial for sustainable development and social cohesion in Africa. I&P's strategy includes not only providing financial support but also offering accompaniment and promoting the businesses they invest. This comprehensive approach aims to help companies scale, create jobs, and generate positive social and environmental impact. I&P emphasizes the importance of blended finance and impact investing, aiming to shape the trajectories of gender- and climate-focused Impact Funds in Sub-Saharan Africa. They actively engage in initiatives that promote sustainability and upscaling of smallholder programs. The firm publishes an annual impact report that offers an overview of the results achieved across its various activities, showcasing its commitment to transparency and accountability. With over two decades of experience, I&P has built a significant track record in the African investment landscape, collaborating with numerous companies and raising substantial capital. Their focus on impact, combined with a deep understanding of the local context, positions them as a key player in fostering entrepreneurship and driving sustainable development in Africa.
Jolt Capital
Jolt Capital is a private equity firm that specializes in growth capital technology investing. They focus on enabling growth-stage technology-rich companies with strong fundamentals to execute their scaling strategies. Their investment sectors offer strong exit potential across hardware-driven or software-driven solutions, including photonics, advanced materials, cybersecurity, electrification, smart sensors, semiconductors, and personalized health. Jolt Capital aims to transform the value of its portfolio companies by providing growth capital (€10M to €50M in tranches) and supporting their growth in new global markets, new product markets, and via new acquisitions & build-ups, while mitigating risks. The firm's anchoring convictions revolve around several key principles: excellence in private equity through deep operational insights, the revolutionary potential of artificial intelligence in private equity processes, technology's role in redistributing economic fortune to innovators and addressing societal challenges, the monetization of Europe's IP creation engine, responsible investment across ESG issues, and adequate sharing between all stakeholders. Jolt Capital actively supports and guides expansion by driving business strategy, filling C-level executive talent gaps, identifying strategic partners globally (especially in Asia), conceiving and executing build-up M&A transactions, increasing control of larger segments of the value chain, and conceiving and executing realization transactions on global markets. Jolt Capital considers themselves "Impact Investors by design", integrating a positive screening approach into their pre-investment process to identify tech companies whose products and services address broader challenges, making industrial processes more efficient and people's lives safer. Jolt Capital leverages its proprietary AI-driven transaction origination and management system NINJA to identify and invest in the most compelling deals and to transform the value of portfolio companies, boost growth opportunities, and facilitate optimal exits for portfolio companies and maximize returns Jolt Capital’s investors. The firm was founded in 2011 by Jean Schmitt.
Kerala Ventures
Kerala Ventures is a private holding company focused on launching and scaling new ventures. They act as a founding investor and partner with bold founders for the long term. Their approach involves investing heavily in a limited number of new businesses, averaging one new venture per year from 2014 to 2025, with a target of launching two new businesses annually starting in 2026. They emphasize strategic and operational support for their portfolio companies, leveraging their expertise in hiring A-player teams. Their methodology is detailed in the book “La méthode pour recruter les meilleurs.” Kerala is also a founding investor in Sonnar, a headhunting firm that backs rapidly growing scaleups and VC firms in Europe and the US. The firm's focus is on tech startups, particularly in healthcare, people and work organizations, and energy. Kerala Ventures' investment strategy centers around early-stage involvement, acting as a co-founding investor and providing significant support during the initial phases of company development. They aim for a long-term ownership stake of around 20% in the ventures they support. This hands-on approach, combined with their sector expertise, enables them to provide valuable guidance and resources to help their portfolio companies succeed. They pride themselves in backing their entrepreneurs on strategic and operational topics. The firm emphasizes the importance of hiring top talent and has built a strong track record in helping their portfolio companies build high-performing teams. Their focus on this core element of company building differentiates them from other investment firms and positions them as a valuable partner for early-stage startups. Kerala's participations have expanded rapidly over the last years. The data displayed includes Kerala's participations as Founding and Seed investor. They report portfolio wide statistics of €600M+ in combined revenues in 2025, 4,500 total employees across portfolio, and 50% of the portfolio being global (Europe & US).
Kima Ventures
Kima Ventures positions itself as the most active Business Angel in the world, investing in 2 startups per week. Their investment strategy centers around providing both capital and support to early-stage companies. They invest in 100 new deals per year with a standardized ticket size of €150k per deal, regardless of stage, deal size, or sector. This high-volume, standardized approach indicates a focus on rapidly deploying capital across a diverse range of startups, aiming to capture potential outliers with significant growth potential. Their portfolio showcases a wide array of companies, emphasizing a sector-agnostic approach.
Korelya Capital
Korelya Capital is dedicated to backing European technology companies with global ambitions, particularly those looking to expand into Asian markets. They focus on identifying exceptional founders and supporting them at every stage of their journey to build global champions. The firm's investment strategy is thesis-driven, focusing on well-defined criteria and quickly recognizing companies that fit their objectives. Once they partner with a founder, they are highly engaged, leveraging their network and expertise to navigate the challenges of scaling across multiple markets. The firm emphasizes sustainability, believing that companies embracing societal and environmental challenges will drive superior value creation in the long term. They aim to lead by example in sustainability and promote these beliefs among their portfolio companies. Korelya Capital's presence in Paris, London, Seoul, and Singapore allows them to provide portfolio companies with access to Asian markets and strong ties with leading Asian corporates and tech ecosystems. They offer more than just capital, including their passion, experience, and market reach to support founders in building global technology champions.
Leonard
Accélérateur et plateforme d'innovation pour les métiers de la construction, des mobilités et de l'énergie, visant à accompagner les startups et projets innovants au service des villes et territoires durables.